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Global Markets: European stocks slump to 2-year low after China exec arrest

Reuters  |  LONDON 

By Marc JonesLONDON (Reuters) - Global stock markets slumped for a third day running on Thursday as the arrest of a top executive of Chinese tech giant Huawei in Canada for extradition to the United States fed fears of fresh tensions between the two economic superpowers.The arrest of Huawei's chief financial officer Meng Wanzhouof, who is also the daughter of the firm's founder, triggered renewed fireworks coming just as Washington and Beijing prepare for crucial trade negotiations.Asian markets took a beating. Huawei is not listed but China's second-largest telecom equipment maker ZTE Corp ...

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First Published: Thu, December 06 2018. 16:18 IST
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